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11-03-2024
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Fallon Finery has an EBIT of $1,480, depreciation expense of $260, cost of goods sold of $1,250, dividends paid of $70, interest expense of $160, and sales of $7,260. What is the taxable income?

A. $5,590
B. $1,320
C. $5,850
D. $720
E. $1,580

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